Kentucky Property and Casualty License Practice Exam

Vandalism and Malicious Mischief coverage is typically included as part of a property insurance policy, but it often requires the payment of an additional premium. This means that if a policyholder wants this specific coverage, they will usually need to pay more than the standard rate for their property insurance. This is because vandalism and malicious mischief are considered higher-risk events, and insurers want to ensure they are adequately covered for the potential losses associated with these acts.

Payment of this additional premium enables the insurer to provide coverage for losses resulting from vandalism or malicious acts, which could otherwise lead to significant financial harm to the property owner. Therefore, to obtain this important coverage, policyholders usually must be willing to invest extra to ensure they are protected against these risks.